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Inflation Beyond the Stars Thread for April 12
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2022 Apr 12, 12:49am 145,197 views 1,506 comments
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1488
AD
2024 Nov 3, 11:17am
AD
2024 Nov 3, 11:17am
Booger says
about 8.5% annual inflation for that burger from 2008 to present day :-/
that restaurant (Flavortown Kitchen) is in Huntington Beach, California, so I'm not surprised of this
working class can only afford to live in near-3rd world conditions in California
.
about 8.5% annual inflation for that burger from 2008 to present day :-/
that restaurant (Flavortown Kitchen) is in Huntington Beach, California, so I'm not surprised of this
working class can only afford to live in near-3rd world conditions in California
.
1489
AD
2024 Nov 3, 11:24am
AD
2024 Nov 3, 11:24am
Booger says
that Flavortown Kitchen (in Huntington Beach) probably pays $20 an hour to its entry level staff (not servers)
at Dat Cajun Place ( https://datcajunplace.com/?page_id=428 ) about 3/4 of a mile from the shoreline in Panama City Beach , they pay at least $15 yet the food is just as good quality food and a patty melt burger with fries there goes for only around $12 and $11 for the special-of-the-day
it costs to rent a 3 bedroom, 2.5 bath, +1 car garage within 2 miles of Dat Cajun Place for about $1900 a month
.
that Flavortown Kitchen (in Huntington Beach) probably pays $20 an hour to its entry level staff (not servers)
at Dat Cajun Place ( https://datcajunplace.com/?page_id=428 ) about 3/4 of a mile from the shoreline in Panama City Beach , they pay at least $15 yet the food is just as good quality food and a patty melt burger with fries there goes for only around $12 and $11 for the special-of-the-day
it costs to rent a 3 bedroom, 2.5 bath, +1 car garage within 2 miles of Dat Cajun Place for about $1900 a month
.
1490
AD
2024 Nov 3, 3:49pm
AD
2024 Nov 3, 3:49pm
AD says
one example of affordable housing for service workers in the Florida panhandle listed at $1840 for 3 bedrm, 2.5 bath, 1 car garage townhome: https://www.zillow.com/homedetails/1702-Annabellas-Dr-Panama-City-Beach-FL-32407/87637913_zpid/
that Flavortown Kitchen (in Huntington Beach) probably pays $20 an hour to its entry level staff (not servers)
at Dat Cajun Place ( https://datcajunplace.com/?page_id=428 ) about 3/4 of a mile from the shoreline in Panama City Beach , they pay at least $15 yet the food is just as good quality food and a patty melt burger with fries there goes for only around $12 and $11 for the special-of-the-day
it costs to rent a 3 bedroom, 2.5 bath, +1 car garage within 2 miles of Dat Cajun Place for about $1900 a month
one example of affordable housing for service workers in the Florida panhandle listed at $1840 for 3 bedrm, 2.5 bath, 1 car garage townhome: https://www.zillow.com/homedetails/1702-Annabellas-Dr-Panama-City-Beach-FL-32407/87637913_zpid/
1492
Tenpoundbass
2024 Nov 5, 8:02am
Tenpoundbass
2024 Nov 5, 8:02am
zzyzzx says
It's been decades since McDonald's would would overstuff their fry containers brimming from the top. These days they lay the container on its side and only layer in one or two layers. It's not like they are stacked deep like you would get pouring them in a bag.
I bet if you poured the contents from the vintage pack and a current one from the drive through. I bet you would get more fries in the vintage container.
The paper bag also budged and flexed out, allowing more volume the cardboard does not. Those boxes were designed to look like you got more than you really did.
It's been decades since McDonald's would would overstuff their fry containers brimming from the top. These days they lay the container on its side and only layer in one or two layers. It's not like they are stacked deep like you would get pouring them in a bag.
I bet if you poured the contents from the vintage pack and a current one from the drive through. I bet you would get more fries in the vintage container.
The paper bag also budged and flexed out, allowing more volume the cardboard does not. Those boxes were designed to look like you got more than you really did.
1495
AD
2024 Nov 13, 10:03pm
AD
2024 Nov 13, 10:03pm
Wolfman has a great article on the latest CPI report : https://wolfstreet.com/2024/11/13/beneath-the-skin-of-cpi-inflation-overall-cpi-accelerated-for-4th-month-core-cpi-for-3rd-month-on-re-spiking-used-vehicle-prices-rising-homeowner-costs/
Overall inflation or CPI for last 12 months is 2.6%, at least a lot better than its recent high of 9% in summer 2022.
Hopefully it remains below 3%.
The Fed Funds rate is around 4.75%, and I expect the Fed will lower the rate to 4% if annual inflation remains below 3%.
.
Overall inflation or CPI for last 12 months is 2.6%, at least a lot better than its recent high of 9% in summer 2022.
Hopefully it remains below 3%.
The Fed Funds rate is around 4.75%, and I expect the Fed will lower the rate to 4% if annual inflation remains below 3%.
.
1496
AD
2024 Nov 13, 11:54pm
AD
2024 Nov 13, 11:54pm
I hope at least Trump can at least cause within the next 4 years the debt to GDP ratio to return to 105% which was the approximate level when Obama left office.
https://fred.stlouisfed.org/series/GFDEGDQ188S
That will help as far as reduce interest rates like the 10 Year Treasury (historically about 1.5% higher than annual inflation) and 30 Year mortgage (historically about 1.5% higher than the 10 Yr Treasury).
https://fred.stlouisfed.org/series/GFDEGDQ188S
That will help as far as reduce interest rates like the 10 Year Treasury (historically about 1.5% higher than annual inflation) and 30 Year mortgage (historically about 1.5% higher than the 10 Yr Treasury).
1497
AmericanKulak
2024 Nov 13, 11:59pm
AmericanKulak
2024 Nov 13, 11:59pm
AD says
From Wolfie:
The stubbornly high core inflation rate was driven, so to speak, by the prices of used vehicles that rose for the second month in a row, having U-turned from a historic plunge, which had been one of the big contributors to cooling core inflation. But it appears to be over. Used vehicles have now turned into an inflation headwind, which we figured was coming our way, based on the rising prices at used-vehicle auctions where dealers buy to replenish their inventories.
Car sales are going to be a bloodbath next year.
Wolfman has a great article on the latest CPI report : https://wolfstreet.com/2024/11/13/beneath-the-skin-of-cpi-inflation-overall-cpi-accelerated-for-4th-month-core-cpi-for-3rd-month-on-re-spiking-used-vehicle-prices-rising-homeowner-costs/
From Wolfie:
The stubbornly high core inflation rate was driven, so to speak, by the prices of used vehicles that rose for the second month in a row, having U-turned from a historic plunge, which had been one of the big contributors to cooling core inflation. But it appears to be over. Used vehicles have now turned into an inflation headwind, which we figured was coming our way, based on the rising prices at used-vehicle auctions where dealers buy to replenish their inventories.
Car sales are going to be a bloodbath next year.
1498
DOGEWontAmountToShit
2024 Nov 14, 3:22pm
DOGEWontAmountToShit
2024 Nov 14, 3:22pm
AmericanKulak says
They will just remove used car prices from the index.
The stubbornly high core inflation rate was driven, so to speak, by the prices of used vehicles that rose for the second month in a row, having U-turned from a historic plunge, which had been one of the big contributors to cooling core inflation. But it appears to be over. Used vehicles have now turned into an inflation headwind, which we figured was coming our way, based on the rising prices at used-vehicle auctions where dealers buy to replenish their inventories.
They will just remove used car prices from the index.
1504
AD
2024 Nov 16, 11:55pm
AD
2024 Nov 16, 11:55pm
M2 should be $19 trillion based on this trend line. It is $21 trillion now.
.
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1505
AD
2024 Nov 17, 7:24pm
AD
2024 Nov 17, 7:24pm
.
Minimum wage in 1972 was $1.60 an hour. See below ad for same year, which is 2.5 times minimum wage for 1972.
.
Today "minimum wage" for service workers in Florida panhandle is around $15 an hour, and a 12-piece meal for 4 people costs around $36.
Minimum wage in 1972 was $1.60 an hour. See below ad for same year, which is 2.5 times minimum wage for 1972.
.
Today "minimum wage" for service workers in Florida panhandle is around $15 an hour, and a 12-piece meal for 4 people costs around $36.
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https://patrick.net/post/1344548/2022-04-11-putin-s-price-hike-failing-administrati
Frankly, I prefer my spaceship to have big tits and not fake inflated ones.
EDIT - numbers drop:
America goes back to the 80s: Surging gas prices and higher rents push inflation to 41-year high of 8.5% as White House blames it on Putin invading Ukraine
The consumer price index rose 8.5% in March from a year ago, the fastest increase since December 1981
Housing costs, which make up about a third of the index, have escalated and show no signs of cooling
Gasoline prices soared 49% in March from a year ago as the war in Ukraine rocked energy markets
Biden's administration tried to get ahead of the dire inflation news by blaming Russian leader Vladimir Putin
But Republicans place the blame for soaring prices on 'Democrats' reckless spending and failed policies'
https://www.dailymail.co.uk/news/article-10711311/Inflation-soars-new-41-year-high-8-5.html?source=patrick.net